Brokerages Set Air Transport Services Group, Inc. (NASDAQ:ATSG) Price Target at $20.60

Air Transport Services Group, Inc. (NASDAQ:ATSG) has been given a consensus rating of “Hold” by the five research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $20.60.

Separately, StockNews.com assumed coverage on Air Transport Services Group in a report on Sunday. They issued a “hold” rating for the company.

Air Transport Services Group Stock Performance

Shares of ATSG opened at $22.40 on Friday. The firm has a fifty day moving average of $22.31 and a 200-day moving average of $20.76. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -559.86 and a beta of 0.88. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. Air Transport Services Group has a 1 year low of $11.69 and a 1 year high of $22.47.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, March 3rd. The transportation company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $521.36 million. As a group, equities analysts anticipate that Air Transport Services Group will post 0.83 earnings per share for the current year.

Hedge Funds Weigh In On Air Transport Services Group

Several hedge funds have recently modified their holdings of the company. CIBRA Capital Ltd acquired a new stake in shares of Air Transport Services Group in the fourth quarter valued at $7,383,000. Polar Asset Management Partners Inc. bought a new stake in Air Transport Services Group in the fourth quarter worth about $989,000. Pullen Investment Management LLC raised its position in Air Transport Services Group by 45.4% in the fourth quarter. Pullen Investment Management LLC now owns 31,205 shares of the transportation company’s stock worth $686,000 after acquiring an additional 9,747 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Air Transport Services Group by 2,912.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 94,159 shares of the transportation company’s stock valued at $2,070,000 after acquiring an additional 91,033 shares during the last quarter. Finally, BCK Capital Management LP bought a new position in shares of Air Transport Services Group during the 4th quarter valued at about $692,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

About Air Transport Services Group

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.